Scott Gordon Purchases 18,300 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon bought 18,300 shares of the stock in a transaction dated Monday, August 17th. The shares were bought at an average price of $9.54 per share, for a total transaction of $174,582.00. Following the completion of the acquisition, the executive owned 53,324 shares in the company, valued at approximately $508,710.96. The trade was a 52.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Scott Gordon also recently made the following trade(s):

• On Wednesday, August 19th, Scott Gordon purchased 8,200 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $9.57 per share, with a total value of $78,474.00.
• On Tuesday, August 18th, Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC stock. The stock was bought at an average cost of $9.54 per share, with a total value of $167,751.36.

Chicago Atlantic BDC Stock Performance

Shares of Chicago Atlantic BDC stock opened at $9.78 on Friday. Chicago Atlantic BDC, Inc. has a one year low of $8.92 and a one year high of $11.44. The company has a market cap of $223.18 million, a price-to-earnings ratio of 7.04 and a beta of 0.28. The business’s 50 day moving average price is $9.74 and its 200 day moving average price is $9.75.

Chicago Atlantic BDC (NASDAQ:LIEN) last issued its earnings results on Thursday, August 13th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. The company had revenue of $13.97 million during the quarter, compared to analysts’ expectations of $16.23 million. On average, analysts predict that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.36 annualized dividend and a dividend yield of 13.9%. Chicago Atlantic BDC’s payout ratio is presently 97.84%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management lifted its stake in shares of Chicago Atlantic BDC by 56.2% in the 2nd quarter. Triumph Capital Management now owns 6,725 shares of the company’s stock valued at $66,000 after purchasing an additional 2,420 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Chicago Atlantic BDC during the 4th quarter worth about $63,000. Compass Financial Management LLC acquired a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth about $104,000. Westwood Holdings Group Inc. purchased a new stake in Chicago Atlantic BDC in the 2nd quarter valued at about $111,000. Finally, XTX Topco Ltd purchased a new stake in Chicago Atlantic BDC in the 2nd quarter valued at about $112,000. 4.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC (NASDAQ:LIEN) is a closed-end management investment company organized as a business development company (BDC). It focuses on providing debt and equity financing solutions to U.S. middle-market companies that demonstrate strong growth potential. Through its public listing, the company offers investors exposure to a diversified portfolio of private credit and equity investments aimed at delivering attractive risk-adjusted returns.

The company’s investment strategy centers on structuring customized credit facilities, including senior secured loans, unitranche loans, mezzanine debt and equity co-investments.